It depends very much on the employer. If the employer him/herself went to a traditional college, the answer is generally no. If the employer didn't go to college, s/he probably doesn't know the difference. Also, if the idea behind the degree requirement is just for the employer to say that the employee has a college degree, the online degree from a commercial enterprise may be respected, but if the idea is to ensure a level of knowledge, then probably not. The idea that you are doing this to finish faster gives a clue - speed is not supposed to be the issue in getting a degree. If taking courses at a traditional university is difficult to fit into your work schedule, then consider taking online courses at a traditional university - there are plenty now which offer online versions of what you are taking now. But if what you are looking for is a shortcut - less time, less work - then no, it is usually not as well-respected, nor should it be, just as anything done in a shoddy manner shouldn't be as well-respected as the real thing.